...LDRRMF Accountability Form No. 1 “A” REPORT OF LOCAL DISASTER RISK REDUCTION AND MANAGEMENT FUND UTILIZATION For the Quarter Ending September 30, 2012 GENERAL FUND Province/City/Municipality: CITY OF MATI P 543,188,677.00 p 22,257,663.93 Estimated Revenue from Regular Sources: CALAMITY FUND Less: DISBURSEMENTS Pre-Disaster Preparedness Programs Management/Operational Expenses: Fuel, Oil & Lubricants Travelling Expenses Office Supplies Capital Outlay: Purchase of Office Equipment for OpCen Purchase of Vehicle for (OpCen) Projects and Programs: Construction of Flood Control – Sitio Calasagan, Barangay Sanghay __________________________________________________________________ Post-DisasterPrograms Aid given to Fire Victims in Mati during 3rd quarter of 201 Aid sent to DSWD for the Flood Victims in Manila _____________________________________________ _____________________________________________ Payment of Premiums on Calamity Insurance __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ SUBTOTAL BALANCE 102,920.00 13,980.00 7,780.00 68,000.00 1,482,000.00 99,530.00 ______________________ 1,095,000.00 500,000.00 _______________ _______________ ______________________ ______________________ ______________________ ______________________ P 3,369...
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...FACULTY OF MANEGEMENT TRIMESTER 3, 2012/2013 BFN 2094 Corporate Risk Management Lecturer: Miss. Kwan Jing Hui Major Assignment Commercial Property Insurance NAME | STUDENT ID | Yap Shoon Eu | 1102700243 | Tan Yi Ling | 1102700899 | Lee Jia Kee | 1102701272 | Kong Yoong Kwang | 1102701903 | Cho Der Hwa | 1102700103 | Loh Jian Li | 1102701693 | Contents 1.0 Overview and Objectives 1 1.1 Objectives ……………………………………………………..1 1.2 Overview………………………………………………………2 2.0 Scope of Coverage and Pricing Policy 3 2.1 Scope of Coverage………………………….…………………3 2.2 Pricing Policy…………………………………………………7 3.0 Relation to Current Practice in Malaysia 11 4.0 The Growth of Individual Health Insurance 15 5.0 References………………………………………………….……….19 1.0 Overview and Objectives 1.1 Overview Commercial Property Insurance (CPI) is an insurance that is used to cover risk of loss to an organization’s properties. Business owners can buy commercial property insurance regardless of whether they own, rent, or lease a building. Commercial Property Insurance provided either replacement cost coverage, actual cash value coverage, or a combination of both. Replacement cost coverage is to cover the payment of replace your property with new property while actual cash value coverage is to pay the replacement cost of the property minus depreciation. Although replacement cost coverage is more expensive than actual cash value coverage, it might better ensure that your business fully...
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...Research Studies–Proposal Requests Risk Management Section Research Topics BACKGROUND and PURPOSE The Joint CAS/CIA/SOA Risk Management Section Research Team was formed in 2005 to pursue research of interest to risk management professionals. Since its founding, the team has initiated and completed several research projects that have helped to propel Risk Management knowledge forward and set the framework for future efforts. In keeping with its desire to add to the risk management body of knowledge, the team is interested this year in receiving proposals for research on a number of specific topics. The specific topics are enumerated in the Research Objective section of this document with the intention to formally initiate projects on 3–4 of the topics this year. RESEARCH OBJECTIVE To advance knowledge in risk management, the Joint CAS/CIA/SOA Risk Management Team would like to receive proposals related to the following topics. The description of each of the topics has deliberately been written to be brief and open-ended in order to give potential proposers sufficient latitude in the development of the proposal: 1. An analysis and/or proposals of methodologies that can be used for validating models and providing effective model risk management. Considerations in addition to model validation may include sound development, implementation, and appropriate use, governance, and control mechanisms, board and senior management oversight, policies, and an appropriate incentive...
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...Reporting Practices and Ethics Paper Linda Flareau HCS/405 12/12/2011 Todd Brown Financial management of a medical care facility includes ethical standards and also reporting practices. The facilities have to report the financial information factually and fairly. With professional financial management and reporting practices, these facilities carry the high expectations to upholding ethical standards and behavior. The financial data helps to aid in the assessment of the timing, amounts, and uncertainties of flows of cash, and as well as furnishing data about the facilities economic resources, claims towards the resources, equity, and changes within the claims and resources. The manager’s most important challenge is to solving problems strategically. As to the development of a variety of academic disciplines, and to aid managers to responding to the challenge of developed problem solving, principles of management are categorized into a system of functions that are summarized as planning, organizing, leading, and controlling. * Planning is the function of which the management that includes setting goals and determines the course of action to achieving these goals. Planning requires that managers be good decision makers and it requires them to be aware of environmental conditions that the organization is facing as well as forecast future conditions. Strategic planning includes competitive threats and opportunities, along with the weaknesses and strengths within the...
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...Running head: RISK MANGEMENT 1 Risk Management CRJ 420 Written by: Bryant S. Green Professor: Dr. Jared Browne April 14, 2013 Running head: RISK MANGEMENT 2 ABSTRACT A High Identication Risk Assessment is tool that can be used to assess which hazards pose the greatest risk in terms of how likely they are to occur and how great their potential impact may be. It is not intended to be used as a prediction tool to determine which hazard will cause the next emergency. Risk hazards can impact your community are separated from those that cannot. This requires a review of all hazards and their causes to determine whether they may be a threat to your community. This may require the consultation of the scientific community, historical records and government agencies. Risk Assessment is the level of risk for each hazard is examined...
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...Introduction To start up a business there are different decision that one has to make, you will have to take into consideration a number of aspects of the business i.e. competition, customers, location. In this assignment I am aiming to formulate a report to show the process of starting a new business and to look at different areas of an existing organisation. I am focusing on a bricks and mortar business. A business plan is usually drafted by start-up businesses a range of information can be found in this document. Task 1 1.1: Discuss a range of decisions to be taken * What source of finance to use to start the business * How to find suppliers * The location * What strategies to put in place to deal with the competition Finance There are different sources of finance available for starting up a new business. The organisation needs to know the range of sources of finance and how it will affect the business in the long and short term. Sources of Finance could be Internal or external. Information on sources of external finances are available in different forms e.g. if it’s a bank loan information can be found on the banks website, leaflets or from a bank personnel. Information includes rates of interest to be paid on bank loan over what period of time. Suppliers The relationship between an organisation and its supplier is very important, as suppliers ensure both the price and quality of the product you sell. The supplier’s price dictates how much you sell...
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...Course Project for this class I would like to prepare my risk management plan based on the topic of “_____________.” I am currently trying to plan my XX Project that will include XXX. A brief overview of my project is XXXXX. This project is driven by the fact XXX. Outline: (Not a WBS) I. INTRODUCTION to the topic II. RISK MANGEMENT PLANNING i. Approach ii. Project charter/goals iii. Roles and Responsibilities iv. Risk Tolerances v. Budget and Timing vi. Reporting and Tracking III. RISK IDENTIFICATION vii. Identify Risks viii. Identify Triggers ix. Categorize Risks x. Assumptions Analysis xi. Diagramming Inputs to Other Processes IV. QUALITATIVE RISK ANALYSIS xii. Risk Ranking for the Wedding xiii. List of Prioritized Risks xiv. List of Risks for Additional Analysis and Management xv. Trend Results V. QUANTITATIVE RISK ANALYSIS xvi. Sensitivity Analysis xvii. Decision Tree Analysis xviii. Prioritized List of Quantified Risks xix. Probabilistic Analysis of Project xx. Probability of Achieving the Cost and Time Objectives xxi. Trend Results VI. RISK RESPONSE PLANNING xxii. Avoidance xxiii. Transference xxiv. Mitigation xxv. Acceptance xxvi. Risk Response Plan xxvii. Residual and Secondary Risks xxviii. Contractual Agreements xxix. Contingency...
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...Project Mangement Institute (PMI) A nonprofit international organization of project managers that promotes the field of project management. Risk Methodology A description of how you will manage overall risk. It includes the approach, required information, and techniques to address each risk. Risk Register A list of identified risks that results from the risk-identification process. Delphi method An information and opinon collection method that empoloys formal anonymous surveys in multiple rounds. Qualitative Risk Analysis A risk analysis method that uses mathematical formulas and numbers to assist in ranking risk severity. Risk Impact- High Very Likely to occur, Average Neither frequent nor rare, Low not very likely to occur, Critical- High Impact requires immediate response, Major- medium impact requires prioritized response, Minor- negligible impact requires an analysis to assess if a response is needed. Quantitative Risk Analysis uses mathematical formulas and numbers to rank risk severity. Exposure Factor (EF) The proportion of value of a particular asset is likely to be destroyed by a given risk, expressed as a percentage. Single loss expectancy (SLE) the loss for a single threat occurence. Annual Rate of occurance(ARO) The estimated annual probabliity that a stated threat will be realized. Annual Loss Expectancy(ALE) the annual estimated loss due to a specific realized threat. Steps Involed in performing a quantitative risk analysis for each item on your risk register ...
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...RESEARCH DESIGN OBJECTIVES OF THE STUDY ➢ Understanding credit risk management conceptually. ➢ Studying the various private banks practicing credit risk management. ➢ To make a depth study of the method in which the private banks in India go about credit risk management. ➢ Studying the difference between retail credit risk management and corporate credit risk management practiced by private banks. ➢ Understanding the importance of the credit risk management and how useful it is to the private banks and how it benefits them in various ways. PURPOSE OF THE STUDY The main reason to select “CREDIT RISK MANAGEMENT” as a topic is to understand the importance of the Role played by credit risk management department and/or practices when the bank lends money to its borrowers. In this project, I have tried to understand the difference between corporate credit risk management and retail credit risk management. The analysis and interviews with industry personnel has given me a practical and real life exposure to the banking scenario as far as the credit risk management goes, whereby I could correlate between the theory and their practical application. RESEARCH METHODOLOGY DATA COLLECTION The data collection i.e. the raw material input for the project has been collected keeping in mind the objectives of the project and accordingly relevant...
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...REPORT ON THE PROPOSED RISK MANAGEMENT POLICY, ITS IMPORTANCE, STRATEGY AND RISK CULTURE OF CHOPPIES ENTERPRISE LIMITED PRESENTED TO: BOARD OF DIRECTORS, CHOPPIES GROUP OF COMPANIES BY: Mr Monamodi Collen Gontse (RISK MANAGER) 1st OCTOBER 2014 Choppies Accounts Boardroom; 2nd Floor Gaborone International Commerce Park Choppies Enterprises Limited, PLOT No 100 Gaborone International Commerce Park, East Gate Gaborone West, Botswana Contents 1. TERMS OF REFERENCE 3 2. ACKNOWLEDGEMENT 4 3. EXECUTIVE SUMMARY 5 4. INTRODUCTION 6-7 5. BACKGROUND 7-9 6. IMPORTANCE OF RISK MANAGEMENT POLICY & CHOPPIES RISK MANAGEMENT POLICY 10-12 7. RISK MANAGEMENT ARCHITECTURE 12-15 8. RISK AWARE CULTURE 15-17 9. ISO 31000 APPLICATION IN CHOPPIES ENTERPRISES LTD 17-18 10. RECOMMENDATIONS 18 11. CONCLUSION 18 12. References 19-20 Terms of Reference This report strives to evaluate the effectiveness of Choppies Enterprises Limited ERM, using the ISO 31000 Risk Management framework as a standard, documenting the findings...
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...TEAM B TEAM B ------------------------------------------------- Assessing Materiality and Risk Simulation University of Phoenix ACC/491 Dwayne Thompson March 10, 2013 ------------------------------------------------- Assessing Materiality and Risk Simulation University of Phoenix ACC/491 Dwayne Thompson March 10, 2013 The objective of the audit of financial statements is to enable the auditor to express an opinion if the financial statements are prepared in accordance with an identified financial reporting framework. The reason that materiality is allocated to those accounts sampled because materiality represents the magnitude of an omission or misstatement of an item in a financial report. The three function of the audit risk are inherent risk (IR), control risk (CR), and detection risk (DR). Every level of audit risk has an opposite connection that exists between assessed levels of controls, inherent risk, and level of detection risk Why do certain accounts have to be audited 100%? Accounts need to be audited 100% so the users of the financial statements can rely on the information and be able to make decisions for investment purposes. It also helps management make sure the company is profitable as well as following rules and regulations of the accounting standards and policies. Auditing accounts are done to protect the investors, shareholders, banks, and to give assurance that the information...
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...| Entrepreneurship | SBMG 6006 | | Discussion on an importance of risk taking and innovation in entrepreneurship. | | 7/14/2011 | | Executive summary: - This academic work explores that how risk taking and innovation play an important role in entrepreneurship process. This report provides critical view about these given topics by examined different models, theories and opinions of different authors etc. This report also puts light on differences between term entrepreneurship and entrepreneur. Methodology: - Introduction: - Entrepreneurship is a dynamic process of vision, change and innovation. It requires an application of energy and passion toward the creation and implementation of new ideas and creative solutions. Entrepreneurship has been categorized in different skills such as inner control, planning and goal setting, risk taking, innovation, reality perception, use of feedback, decision making and human relation etc. Miller (1983) defines entrepreneurship as a multidimensional concept encompassing a company’s action relating to innovation and risk taking and proactive measures.Innovation and risk-taking has an important place in entrepreneurship. Schumpeter (1994) described role of entrepreneurship as tendency of company to engage in and support new ideas, novelty, and experimentation that may result in new products, services. Risk taking describes the nature of entrepreneur. A.H. Cole has explained entrepreneurship as, “the...
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...THE COST OF CAPITAL, CORPORATION FINANCE AND THE OF INVESTMIENT In the business world we make investment for two main reasons or either of them that can be for the maximization of our profite from a business or it can be for the maximaization of the market value of the assets. Businesses generally aquire the assets if the perceives that the particular asset can help in increasing the profit of the organisation. According to the theory the acquisition of the asset can help to increase the profit only if the returns arising due to that asset are more than the interest costs arising due to that asset. On the individual level when we are cosidering the purchase of any asset we should also consider the risk factor associated with that asset. Profit maximization and value maximization they both have more or less same meanings and implications. But if the case is of uncertainity then the profit maximization has no meanings, it remains meaningless for the investors. When the situation is uncertain then in that case the market value maximization becomes the basis for the theory of investment, if this notion is kept in mind then every time when we are going to make a decision to invest or not we should simply keep one thing in our mind that can be the basis of the decision, that is if we aquire the particular asset will it help to increase the value of the firm’s share? If in response of this question we comes on this point that yes it will result in increase in the value of the firm’s...
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...retailers. However, pursuing this option would drain Rose’s resources and prevent them from launching their own branded goods. Additionally private-labels would make Rose into a manufacturer-only role and limit its long-term prospects, but having its own brand is very costly to promote and comes with many short-term risks. Possible Solutions: 1. Proceed with Rose Partyware branded party supplies. * Retain loyalty of small independent retailers (35% of sales) * Brand advantage in party supplies versus other generic suppliers * Positive long-term returns * Control over pricing, branding, and distribution of goods * Short-term technological advantage 2. Pursue manufacturing private-label goods for retailers. * Retain largest Rose customer (20% of sales) * Supplier of choice in private-label manufacturing * Lowest short-term risk * Cheapest option in terms of change to company structure & spending The Decision: If I were in Tom Roses’ position I would choose to proceed with Rose Partyware branded party supplies and persuade Party! to hold off its test launch. While this decision would expose Rose Partyware to the short-term risk of promoting their new brand, the potential returns as well as the prospects for long-term growth results in a net advantage for Rose Partyware. The threat of operating as an easy-to-replace private-label supplier is too risky Rose Partyware despite the short-term payoff....
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...in order to improve the company. What benefits do you think the employees derive from this arrangement? There are many benefits that the employees can derive from this arrangement. If the business can decide to expand, which creates more opportunities for work and even a promotion if need to. Another example is that if the business keeps up with the latest technology, the employee will work less since technology makes life easier. As machinery innovates as the year passes. With a HR, the employees will have several more benefits and will be protective in case of an accident where to occur at work. What do you think are the risks involved (to HR and the organization as a whole) if HR does not make this a priority and instead remains a purely task-oriented department mostly administrative in nature? In a business everything is a risk there or not there will be a HR or not. However, a HR is a useful organization that can help the business if handle properly with the right decision obviously. By finding the “middle ground” as we say, in order to keep the employees satisfied and at the same time keeps the production going the outcome should be a total...
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